Key Takeaways TTD posted 25% revenue growth with Kokai adoption ahead of schedule and over 95% customer retention. PUBM's CTV business rose 50% year over year, but total sales fell 4% mainly due to a DSP client shift. TTD trades at a higher P/E than PUBM, raising valuation concerns amid uncertainty.Both The Trade Desk (TTD) and PubMatic (PUBM) play pivotal roles in the programmatic advertising ecosystem, but at opposite ends of the spectrum. TTD operates a leading demand-side platform (DSP), which helps a ...

Financial Data and Key Metrics Changes - The company reported its 30th consecutive quarter of profitability at adjusted EBITDA, indicating strong financial health and consistent performance [18] - The company has significant free cash flow generation, which supports share repurchases and overall financial stability [18][92] Business Line Data and Key Metrics Changes - The company has diversified its revenue streams, now delivering a unified AI-powered end-to-end platform that serves various customer segments, including streamers, publishers, media buyers, commerce media networks, and data partners [7][8] - Supply Path Optimization (SPO) has become a significant part of the business, accounting for over half of the revenue, up approximately 20 percentage points from two years ago [30][34] Market Data and Key Metrics Changes - The company has over 80% penetration among the top 30 streaming companies globally, including major players like Roku and Amazon Fire TV [8][76] - The mix of business includes over 20% from Connected TV (CTV) and about 20% from mobile apps, with omnichannel video making up around 40% of the business [47][49] Company Strategy and Development Direction - The company focuses on being well-positioned in the fastest-growing ad formats, including CTV, commerce media, and data curation [49][50] - The company aims to consolidate its market share by leveraging its independent and objective platform, especially in light of ongoing antitrust issues facing larger competitors like Google [15][62] Management's Comments on Operating Environment and Future Outlook - Management noted that the ad market has shown resilience despite macroeconomic uncertainties, with strong performance observed in early 2023 [83][84] - The company is planning for various economic scenarios while focusing on AI as a significant growth driver and efficiency enhancer [86][88] Other Important Information - The company has increased its share repurchase authorization by an additional $100 million, reflecting confidence in its financial position and future growth prospects [92] - The company estimates that every percentage point of market share gained from Google could translate to $50 to $75 million in revenue, with a high flow-through to the bottom line due to existing publisher overlaps [62][63] Q&A Session Summary Question: What is the company's outlook on the ad market amidst macroeconomic uncertainties? - Management indicated that the ad market has been more stable than expected, with strong performance trends continuing into the second quarter [83][84] Question: How does the company differentiate itself from competitors in the SSP space? - The company highlighted its independent platform and extensive publisher relationships, which allow it to offer unique value propositions that competitors may not provide [15][76] Question: What is the significance of Supply Path Optimization (SPO) for the company's growth? - SPO has become a key growth driver, accounting for over half of the business, and is expected to continue growing as advertisers seek efficiency and effectiveness [30][34] Question: How does the company view the impact of Google's antitrust issues on its market position? - Management believes that the antitrust case presents a significant opportunity for the company to gain market share, estimating potential revenue increases from share shifts [62][66]

Core Viewpoint - PubMatic, Inc. (NASDAQ: PUBM) is identified as a leading global programmatic supply-side platform (SSP) that facilitates publishers in monetizing their ad inventory through real-time auctions, with a belief that the market is currently mispricing the company's growth potential [1] Company Overview - PubMatic operates as a programmatic SSP, allowing publishers to optimize their advertising revenue through automated auctions [1] Investment Thesis - The investment analysis suggests that there is a significant growth runway for PubMatic, indicating that it may be undervalued in the current market [1]

PubMatic, Inc. (NASDAQ: PUBM ) recently reported its Q1 ’25 results , so I thought I’d go through the numbers and talk about the company’s outlook , which I believe is very positive, earning a spotMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time to time.Analyst’s Disclosure: ...

PubMatic, Inc. (NASDAQ:PUBM) Q1 2025 Earnings Conference Call May 8, 2025 4:30 PM ET Company Participants Stacie Clements - The Blueshirt Group, IR Rajeev Goel - Co-Founder and CEO Steve Pantelick - CFO Conference Call Participants Eric Martinuzzi - Lake Street Capital Zach Cummins - B. Riley Simran Biswal - RBC Jacob Armstrong - KeyBanc Andrew Boone - JMP Stacie Clements Good afternoon, everyone, and welcome to PubMatic's Earnings Call for the First Quarter of 2025. This is Stacie Clements with the Bluesh ...

Q1 2025 Earnings Presentation May 8, 2025 S A F E H A R B O R This presentation contains forward-looking statements regarding our future business expectations, including but not limited to our guidance relating to our revenue, adjusted EBITDA, and adjusted EBITDA margin for the second quarter of 2025 and capex for the full year 2025, our expectations regarding our free cash flow, capital expenditures, future hiring, future market growth, our long-term revenue growth and our ability to gain market share. The ...

PubMatic (PUBM) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Company Participants Stacie Clements - Managing DirectorRajeev Goel - Co-Founder & CEOSteve Pantelick - CFOSimran B - Equity Research Senior AssociateAndrew Boone - Managing Director Conference Call Participants Eric Martinuzzi - Senior Research AnalystZach Cummins - Senior Research AnalystJacob Armstrong - Associate Analyst - Equity Research Stacie Clements Good afternoon, everyone, and welcome to Palmatic's earnings call for the first quarter ...

PubMatic (PUBM) Q1 2025 Earnings Call May 08, 2025 04:30 PM ET Speaker0 Good afternoon, everyone, and welcome to Palmatic's earnings call for the first quarter twenty twenty five. This is Stacy Clements with the Blueshirt Group, and I'll be your operator today. Joining me on the call are Rajeev Goel, cofounder and CEO and Steve Pantalek, CFO. Before we get started, I have a few housekeeping items. Today's prepared remarks have been recorded, after which Rajeev and Steve will host live q and a. If you plan t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended March 31, 2025 Washington, DC 20549 or FORM 10-Q o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Mark One) For the transition period from________to________ x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 001-39748 PUBMATIC, INC. (Exact name of registrant as specified in its charter) Delaware 20-5863224 (State or other ju ...

EXHIBIT 99.1 Delivered revenue and adjusted EBITDA ahead of guidance; PubMatic Announces First Quarter 2025 Financial Results; Board of Directors Authorizes $100M Expansion of Share Repurchase Program Supply Path Optimization represented a record 55%+ of total activity NO-HEADQUARTERS/REDWOOD CITY, Calif., May 8, 2025 (GLOBE NEWSWIRE) -- PubMatic, Inc. (Nasdaq: PUBM), an independent technology company delivering digital advertising's supply chain of the future, today reported financial results for the first ...